COMMODITIES MARKET: Coffee takes center stage

THỊ TRƯỜNG HÀNG HÓA: Cà phê giữ vai trò tâm điểm- Ảnh 1.

Coffee market continues to be "hot"

At the end of yesterday's trading session, the industrial raw materials market recorded overwhelming buying power on most key commodities. Notably, coffee prices continued to experience an explosive trading session when both commodities simultaneously increased sharply by over 5.2%. At the end of the session, Arabica coffee prices remained at 9,207 USD/ton, while Robusta coffee also returned to the 4,842 USD/ton range.

The prolonged tariff tension between the US and Brazil since July has caused coffee import and export activities between the two countries to stagnate for more than two consecutive months, thereby directly putting pressure on the supply chain and coffee inventory at ICE. The latest report of Conab shows that Brazil's coffee exports to the US in August decreased by 46% compared to the same period last year.

As coffee roasters struggle to maintain stable inventories, they are forced to increase purchases on the ICE exchange to meet short-term demand. This has caused coffee inventories on the ICE exchange to fall sharply, with updated data on September 15 showing that Arabica coffee inventories fell by 2,888 bags in just one day, to 666,337 bags – the lowest level in more than a year.

THỊ TRƯỜNG HÀNG HÓA: Cà phê giữ vai trò tâm điểm- Ảnh 2.

In addition, the sharp increase in coffee prices was also driven by active buying power from investment funds.

In the domestic market, as recorded this morning, coffee prices fluctuated between 122,000 and 122,700 VND/kg, an increase of 2,200 VND compared to yesterday. According to Agromonitor, the purchase of new crop coffee (delivered in December) has begun to appear. People and agents are also taking advantage of selling old crop inventories, in the context of coffee prices continuously recovering in recent days. Notably, foreign customers have begun to survey the demand for new crop purchases, but the export market is still quite quiet.

Platinum prices extended gains to the fourth consecutive session

Not outside the general market trend, the metal group also recorded overwhelming buying power when 7/10 items increased in price simultaneously. Notably, platinum continued to maintain its upward momentum for the fourth consecutive session when it increased by 0.39% to 1,417.2 USD/ounce.

THỊ TRƯỜNG HÀNG HÓA: Cà phê giữ vai trò tâm điểm- Ảnh 3.

In yesterday's trading session, the USD index (DXY) reversed and decreased by 0.25% to 97.3 points, thereby making USD-priced commodities such as platinum more attractive to investors holding other currencies, thereby stimulating buying power.

Platinum prices also received strong support from concerns about a persistent supply shortage. In the second quarter, total global platinum supply fell 4% year-on-year, mainly due to a decline in mine production of up to 8%, equivalent to about 123,000 ounces. This decline was far outweighed by the offset by recycled supply, which increased by only 12%, equivalent to 44,000 ounces.

On the consumption side, jewelry demand surged 32% year-on-year to 668,000 ounces in 2024, largely offsetting the decline in sectors such as automotive and industrial. Overall, the market balance recorded a slight deficit of around 11,000 ounces in Q2 and is expected to be in a deficit of around 850,000 ounces for the full year 2025.

On the other hand, in the world's leading platinum consumer market, China, economic data that fell short of expectations is signaling a slowdown in the economy, which could potentially reduce demand for platinum in the industrial sector, curbing the metal's price increase. According to the National Bureau of Statistics (NBS), although industrial output in August increased by 5.2% compared to the same period last year, this was also the lowest increase recorded since August 2024.

Source: https://baochinhphu.vn/thi-truong-hang-hoa-ca-phe-giu-vai-tro-tam-diem-102250916084749572.htm